§ 4416. Retention of interest

150 words·~1 min read·/usc/title-22/section-4416

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Notwithstanding any other provision of law, with the approval of the National Endowment for Democracy, grant funds made available by the National Endowment for Democracy may be deposited in interest-bearing accounts pending disbursement, and any interest which accrues may be retained by the grantee without returning such interest to the Treasury of the United States and interest earned may be obligated and expended for the purposes for which the grant was made without further appropriation.

(Pub. L. 105–277, div. G, subdiv. B, title XXIV, § 2411, Oct. 21, 1998, 112 Stat. 2681–831.)

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Cited by 2 sections

statute-compilations

Sec. 2411
RETENTION OF INTEREST

statutes-at-large

Public Law 105–276
Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes

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Pub. L. 105–277, div. G
112 Stat. 2681–831

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§ 4416

Retention of interest

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 105–277, div. G

Stat.112 Stat. 2681–831

Cites 2Cited by 2 across 2 sources